Steven Matthews (Wicklow, Green Party) | Oireachtas source

My understanding was that the windfall tax, as it was back in 2009, would have been a tax on newly-zoned land, whereas this would capture everything. I was not present for the first session on this, and I keep meaning to listen back to it as I think many of the questions I have were answered. However, this is retrospective as well, so it would apply to a piece of land which has been zoned residential for 15 years with nothing being built on it. We all know there were parcels of land which got trapped from county plan to county plan unchanged. That would still apply in this situation. When one goes for planning permission, it will be the capture of the market value now versus the current value of the land. That is my understanding of it.